ENM: Traders bullish on natural gas even as inventories may show rise
Punters in India, like their counterparts in the West, are heavily mounting risky, bullish bets on natural gas on the hope that a likely retreat in production of gas from shale in the US and summer demand would offset a rise in weekly stockpiles on Thursday. If their bets go wrong they could face potentially unlimited losses.
After months of top 10 clients' bearish positions exceeding the top 10's bullish positions on local commex MCX, the tables were turned from Monday through Wednesd ..